• Ohio's Stark County Chapter loves a parade

    CANTON, Ohio - The Stark County Chapter of credit unions carried a lot of "hot air" during the Pro Football Hall of Fame Grand Parade here. About 40 credit union CEOs and employees maneuvered a 40-foot helium-filled Richie Rich balloon along the 2.2-mile parade trail. Balloon handlers wore polo shirts...

  • CUSO Financial Services taking credit unions to a new wireless level

    SAN DIEGO - From CUs jumping on the aggregation bandwagon to almost daily announcements of CUs offering wireless banking, the credit union tech scene is as trendy as it gets. CUSO Financial Services here may be kicking off a new trend - wireless brokerage. The CUSO, which has 58 CU...

  • Fed Chairman Greenspan keeps some of finances in CU

    WASHINGTON -Federal Reserve Chairman Alan Greenspan's personal financial holdings were valued between $3.1 million and $9.6 million at the end of last year, according to a federal financial disclosure report released Aug. 7. The Fed chairman also held between $650,000 and $1.5 million worth of Treasury bills in direct deposit...

  • Immediate response to New Zealand CU Internet banking service

    WELLINGTON, New Zealand - When Police and Families Credit Union (PFCU) launched its online banking service called AccessOnline this month, 260 members used it in the first day. The response continues to grow. The new service allows members to check accounts, transfer funds between their accounts and family members' accounts,...

  • Administration speaks out on homestead exemption

    WASHINGTON-The Office of Management and Budget (OMB) penned a letter August 1 on behalf of the president warning that the White House prefers the House language regarding the homestead exemption to the more restrictive Senate version. The letter noted, "consideration of the Administration's views would be appreciated." "The Administration supports...

  • Quotes worth quoting

    "Consumers, which all the consumer groups say, need to shop around." -NAFCU Communications Manager John Zimmerman regarding comparisons between bank and credit union fees. "NCUA should not be deciding whether a credit union should authorize a board member to bring a grandson rather than a spouse." -Acting NCUA Chairman Dennis...

  • At industry request, Fed removes e-disclosure compliance date

    WASHINGTON-The Federal Reserve Board has announced that it is lifting the Oct. 1, 2001 compliance date for interim rules governing the electronic delivery of particular consumer disclosures. In March the board requested comment on the electronic delivery of federally mandated disclosures in several interim rules including: Regulation B (Equal Credit...

  • NFCDCU plans for National Faith-Based CU Conference

    NEW YORK - The National Federation of Community Development Credit Unions plans to hold its fourth National Faith-Based Credit Union Conference in Birmingham, Ala., Nov. 9-11. The conference will be targeted not only at community development credit unions, but also at the broader group of faith-based CUs. Faith-based CUs represent...

  • PSECU gets TRUSTe Privacy seal

    HARRISBURG, Pa. - The $1.6 billion Pennsylvania State Employees CU, which offers its members a myriad of online services, has joined the TRUSTe privacy program. PSECU will display the TRUSTe seal on its Web site (www.psecu.com). Members who click on the seal will be linked to PSECU's privacy statement, which...

  • Ergonomics may be back in play; CUNA comments

    WASHINGTON-After former President Bill Clinton's ergonomics regulation was shot down by the new Congress following George W. Bush's administration, the Department of Labor and the Occupational Safety and Health Administration (OSHA) are going to bat again. Under the new Republican administration, the rule-if one is created-is expected to be less...